Warsaw Bainer: the restructuring has not been completed and trading continues to be suspended.

August 7, Beijing Hualu Bainer Film and Television Co., Ltd. announced the progress of suspension of major asset restructuring. The announcement said that the restructuring work has not yet been completed, the company and relevant parties are actively promoting the relevant work related to major asset restructuring, and the company's shares continue to be suspended.

recently, Beijing Hualu Baina Film and Television Co., Ltd. announced the progress of suspension of major asset restructuring. The announcement said that as of the date of disclosure of this announcement, the restructuring work has not yet been completed, the company and relevant parties are actively promoting the relevant work related to major asset restructuring. In order to protect the interests of investors and avoid abnormal fluctuations in the company's share price, according to the relevant regulations of the Shenzhen Stock Exchange, the company's shares continue to be suspended.

after applying to the Shenzhen Stock Exchange for planning the acquisition of assets, the company's shares were suspended from trading in the afternoon of Tuesday, April 18, 2017, and disclosed the "suspension notice on planning major events" on the same day. During the suspension period On April 24, 2017, May 2, 2017, May 9, 2017, May 15, 2017, May 22, 2017, May 31, 2017, June 7, 2017 disclosed the "Progress announcement on Planning for Major assets suspension", "announcement on Major assets restructuring suspension", "Progress announcement on Major assets restructuring suspension", "announcement on Major assets restructuring suspension Progress and postponement of resuming trading" and "Progress announcement on Major assets restructuring suspension".

on June 14, 2017, the company held the eighth meeting of the third session of the board of directors, examined and passed the "motion on planning for continued suspension of trading in major asset restructuring", and agreed that the company should apply to the Shenzhen Stock Exchange for continued suspension of stock trading. Promise to strive for disclosure by July 18, 2017 of a major asset restructuring plan or report (draft) that meets the requirements of the Standard on the content and format of Information Disclosure of publicly issued Securities companies No. 26-Major Asset restructuring of listed companies. On the same day, the company disclosed the announcement on the progress of suspension and postponement of trading in major asset restructuring. The announcement on the progress of suspension of major asset restructuring was disclosed on June 21, 2017 and June 28, 2017, respectively.

due to the heavy workload involved in this major asset reorganization, the specific contents of the reorganization plan need to be further discussed, demonstrated and improved, and it is difficult for the related work to be completed within 3 months after the first suspension. According to the "gem Information Disclosure Business Memorandum No. 22-suspension of listed companies" The company held the ninth meeting of the third session of the board of directors on June 30, 2017 and the second interim general meeting of shareholders in 2017 on July 17, 2017, and examined and adopted the motion on the application for continued suspension of trading in the planning of major asset restructuring.

the company has applied to the Shenzhen Stock Exchange to continue the suspension of shares from the opening of the market on July 18, 2017, with an expected suspension of no more than three months and a cumulative suspension of no more than six months from the first day of the suspension. The announcement on the Progress of suspension and postponement of resumption of Major assets restructuring was disclosed on July 17, 2017. Since then, the company disclosed the "announcement on the progress of suspension of major asset restructuring" on July 24, 2017 and July 31, 2017, respectively.

as of the date of disclosure of this announcement, the restructuring work has not yet been completed, and the company and relevant parties are actively promoting the relevant work related to major asset restructuring. In order to protect the interests of investors and avoid abnormal fluctuations in the company's share price, according to the relevant regulations of the Shenzhen Stock Exchange, the company's shares continue to be suspended. During the suspension period, the company will timely fulfill its information disclosure obligations in accordance with the relevant provisions, and disclose the progress announcement of relevant matters every five trading days.

Edit: xiongwei